Notable Mover: Could Chesapeake Energy Corporation Change Direction After Today’s Big Increase?

Notable Mover: Could Chesapeake Energy Corporation Change Direction After Today's Big Increase?

The stock of Chesapeake Energy Corporation (NYSE:CHK) is a huge mover today! About 35.98M shares traded hands. Chesapeake Energy Corporation (NYSE:CHK) has risen 48.52% since March 16, 2016 and is uptrending. It has outperformed by 42.98% the S&P500.
The move comes after 8 months positive chart setup for the $5.37 billion company. It was reported on Oct, 19 by Barchart.com. We have $10.36 PT which if reached, will make NYSE:CHK worth $2.90 billion more.

Analysts await Chesapeake Energy Corporation (NYSE:CHK) to report earnings on November, 2. They expect $-0.01 earnings per share, up 80.00% or $0.04 from last year’s $-0.05 per share. After $-0.14 actual earnings per share reported by Chesapeake Energy Corporation for the previous quarter, Wall Street now forecasts -92.86% EPS growth.

Chesapeake Energy Corporation (NYSE:CHK) Ratings Coverage

Out of 22 analysts covering Chesapeake Energy Corporation (NYSE:CHK), 5 rate it a “Buy”, 6 “Sell”, while 11 “Hold”. This means 23% are positive. Chesapeake Energy Corporation has been the topic of 54 analyst reports since July 21, 2015 according to StockzIntelligence Inc. The stock of Chesapeake Energy Corporation (NYSE:CHK) has “Buy” rating given on Friday, September 9 by Wunderlich. The firm earned “Buy” rating on Monday, July 27 by SunTrust. On Wednesday, August 10 the stock rating was maintained by Deutsche Bank with “Hold”. Deutsche Bank maintained Chesapeake Energy Corporation (NYSE:CHK) on Wednesday, October 14 with “Hold” rating. The firm has “Neutral” rating given on Wednesday, July 22 by Credit Suisse. The rating was downgraded by Simmons & Co to “Neutral” on Tuesday, July 21. The firm has “Underweight” rating given on Friday, January 29 by Barclays Capital. On Thursday, August 18 the stock rating was maintained by Deutsche Bank with “Hold”. The rating was maintained by Deutsche Bank with “Hold” on Friday, March 11. The stock of Chesapeake Energy Corporation (NYSE:CHK) earned “Neutral” rating by JP Morgan on Wednesday, December 9.

According to Zacks Investment Research, “Chesapeake Energy Corp. is an independent oil and gas company engaged in the development, exploration, acquisition and production of onshore natural gas and oil reserves. Chesapeake owns interests in producing oil and gas wells concentrated in three primary operating areas: the Mid-Continent region of Oklahoma, western Arkansas, southwestern Kansas and the Texas Panhandle; the Gulf Coast region consisting primarily of the Austin Chalk Trend in Texas and Louisiana and the Tuscaloosa Trend in Louisiana; and the Helmet area of northeastern British Columbia.”

Insitutional Activity: The institutional sentiment increased to 1.37 in Q2 2016. Its up 0.84, from 0.53 in 2016Q1. The ratio improved, as 54 funds sold all Chesapeake Energy Corporation shares owned while 87 reduced positions. 55 funds bought stakes while 138 increased positions. They now own 483.96 million shares or 3.30% less from 500.46 million shares in 2016Q1.
Cambridge Inv Rech Advsr owns 85,702 shares or 0.01% of their US portfolio. Pnc Fincl Gru holds 70,880 shares or 0% of its portfolio. Amer National Insur Tx holds 0.03% of its portfolio in Chesapeake Energy Corporation (NYSE:CHK) for 107,650 shares. Ladenburg Thalmann Ser holds 0.02% or 323,502 shares in its portfolio. Advantus Management Inc holds 0.01% of its portfolio in Chesapeake Energy Corporation (NYSE:CHK) for 56,909 shares. Gam Holdings Ag accumulated 0% or 2,131 shares. Sns Gru Llc accumulated 14,030 shares or 0.02% of the stock. Aqr Mgmt Lc accumulated 1.39 million shares or 0.01% of the stock. The California-based Blackrock Fund Advisors has invested 0.01% in Chesapeake Energy Corporation (NYSE:CHK). Pentwater Mgmt Limited Partnership accumulated 500,000 shares or 0.03% of the stock. Westwood Grp Inc holds 0.1% or 2.58 million shares in its portfolio. Commonwealth Equity holds 0.01% of its portfolio in Chesapeake Energy Corporation (NYSE:CHK) for 147,078 shares. Stoneridge Inv Prns Llc has invested 0.18% of its portfolio in Chesapeake Energy Corporation (NYSE:CHK). Moreover, Hudock Capital Group Incorporated Ltd Co has 0% invested in Chesapeake Energy Corporation (NYSE:CHK) for 1,313 shares. Moreover, Chevy Chase Trust Holdings has 0.01% invested in Chesapeake Energy Corporation (NYSE:CHK) for 499,601 shares.

Insider Transactions: Since August 17, 2016, the stock had 3 insider buys, and 0 sales for $9.07 million net activity. 50,000 shares with value of $279,650 were bought by RYAN THOMAS L on Wednesday, August 17. 350,000 shares were bought by DUNHAM ARCHIE W, worth $2.13 million.

More notable recent Chesapeake Energy Corporation (NYSE:CHK) news were published by: Valuewalk.com which released: “Chesapeake Energy Corporation Shares Rise With Oil Prices” on October 14, 2016, also Newsok.com with their article: “Chesapeake sues McClendon’s estate as probate hearings continue” published on October 11, 2016, Prnewswire.com published: “Chesapeake Energy Corporation Announces Private Placement Of $850 Million Of …” on September 29, 2016. More interesting news about Chesapeake Energy Corporation (NYSE:CHK) were released by: Prnewswire.com and their article: “Chesapeake Energy Corporation Announces Final Results Of Cash Tender Offers …” published on September 27, 2016 as well as Prnewswire.com‘s news article titled: “Chesapeake Energy Corporation’s Recent Transactions Significantly Improve …” with publication date: October 05, 2016.

CHK Company Profile

Chesapeake Energy Corporation (Chesapeake), incorporated on November 19, 1996, is a producer of natural gas, oil and natural gas liquids (NGL) in the United States. The Firm operates in two divisions: Exploration and Production, and Marketing, Gathering and Compression. The exploration and production segment is responsible for finding and producing oil, natural gas and NGL. The marketing, gathering and compression segment is responsible for marketing, gathering and compression of oil, natural gas and NGL. The Firm owns interests in approximately 43,700 oil and natural gas wells, and produces an average of approximately 660 thousand barrels of oil equivalent (mboe) per day. It has a diverse resource base of onshore the United States unconventional natural gas and liquids assets. It has positions in resource plays of the Eagle Ford Shale in South Texas; the Utica Shale in Ohio and Pennsylvania; the Anadarko Basin in northwestern Oklahoma and the Texas Panhandle, and the Niobrara Shale in the Powder River Basin in Wyoming. The Company’s natural gas resource plays are the Haynesville/Bossier Shales in northwestern Louisiana and East Texas; the Marcellus Shale in the northern Appalachian Basin in Pennsylvania, and the Barnett Shale in the Fort Worth Basin of north-central Texas. The Firm also owns oil and natural gas marketing, and natural gas gathering and compression businesses.

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